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Time of India
a day ago
- Business
- Time of India
No toll plaza at Pachgaon if underpass not built: Locals
Gurgaon: Fresh uncertainty looms over the long-delayed relocation of the Kherki Daula toll plaza. A mahapanchayat has resolved that work on the proposed toll plaza at Pachgaon would not be allowed to proceed until construction of a promised underpass begins. The meeting came just days after locals halted work at the Pachgaon site on Thursday, accusing authorities of going back on earlier commitments. You Can Also Check: Gurgaon AQI | Weather in Gurgaon | Bank Holidays in Gurgaon | Public Holidays in Gurgaon According to villagers, the toll plaza would severely affect local traffic movement if built without an alternative crossing. "We were first promised a flyover and later an underpass, but nothing has been delivered. More than 63 villages are being affected by this delay. Our stand is clear — the underpass must be built first. Only after that will we allow toll work to move forward," said Hoshiyar Singh Subedaar from Kharkhari village, under whose leadership more than 60 villages were represented at the gathering, which was held on Sunday. "This is one of the key links connecting Rohtak to Jamalpur to Tauru and Nuh. The crossing here is accident-prone and a serious safety hazard," Subedaar told TOI. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like I Saw Two Bikers Mocking A Fat Truck Driver, But They Regretted It When They Discovered Who He Really Was Plays Star Undo The Kherki Daula toll plaza relocation to Pachgaon has been on the cards for years to ease congestion at the existing location and provide relief from toll charges, which is a sore point for the residents of new sectors and those working in Manesar industrial areas. The toll plaza sees heavy traffic from commuters and commercial vehicles. However, repeated delays in shifting plans have slowed the project. Deputy commissioner Ajay Kumar said the administration has received a memorandum from villagers and said the issue is under examination. "We have formed a committee comprising officials from NHAI, HSIIDC, GMRL and NCRTC along with district administration. They will study the proposal from all angles and submit their assessment to the govt for action. Multiple departments are involved," he said. Local MLA from Pataudi Bimla Chaudhary met the leaders at the mahapanchayat and assured them the underpass would be built. Villagers say the highway authority initially planned a flyover at the location, which was later scrapped. They were then assured that an underpass would be constructed, but no work has started so far. According to protesters, the district administration has told them a committee has been formed to examine the matter and will submit its report within a week. "We have been given assurances before, but nothing has materialised. We will wait for the report, but if work on the underpass does not start, our protest will be intensified. This time, we will not back down," said Mahavir Singh, a resident of Pachgaon. DC Kumar added, "We have asked the villagers not to stop the works and their demand is being examined. We are coordinating with them and working to resolve the matter amicably." Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area.
Time of India
5 days ago
- Business
- Time of India
Explainer: Donald Trump's 50% tariffs - will India budge on Russia crude oil trade?
India is the world's third-largest oil consumer, and has significantly stepped up its procurement of Russian crude oil. (AI image) US President Donald Trump , through his 25% additional tariffs on India for its Russia crude oil trade, wants to put pressure on Vladimir Putin to end the war with Ukraine - feel experts. But with its tariff rate doubled to 50%, where does Trump's move to indirectly target Russia leave India? India is the world's third-largest oil consumer, and has significantly stepped up its procurement of Russian crude oil since the start of the Russia-Ukraine war - attributable to the huge discounts on offer. But Trump's move to impose double tariffs on Indian imports, aimed at penalising continued Russian oil purchases, creates challenges for India, and its refining sector. Will India budge on Russia crude oil trade? This situation presents a complex challenge for Prime Minister Narendra Modi - he has to keep India's crude oil import bill under check, and also maintain diplomatic balance in India's ties with Russia and the US, especially during times of global instability. However, the US pressure is unlikely to cause a fundamental shift in India's policy stance. Also Read | Donald Trump's 25% additional tariff on India: What are 'secondary tariffs' and how do they differ from 'secondary sanctions'? Explained According to a Bloomberg report, the decision presents a difficult choice: acquiescing to US pressure could endanger India's long established relationship with Russia, which is more than just about oil trade and forfeit the economic benefits currently enjoyed. Conversely, maintaining Russian oil purchases, as suggested by Modi's resolute stance and domestic considerations, risks direct economic consequences and strained relations with the US which is India's biggest trading partner, potentially resulting in losses that may outweigh the benefits. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Huge crater swallows land. At the bottom, police find something that leaves them speechless. Plays Star Undo Indian exports uncompetitive after 50% US tariff Prime Minister Narendra Modi delivered a subtle message to Trump on Thursday, asserting that India's stance on protecting its agricultural, fishing and dairy sectors remains firm, indicating his readiness to accept personal consequences if required. "Hamare liye apne kisaanon ka hit sarvoch prathamikta hai. Bharat apne kisaanon, pashu-paalakon aur macchuaare bhai-bahanon ke hiton ke saath kabhi bhi samjhuata nahin karega. (For us, the interests of farmers are our top priority. India will never compromise on the interests of its farmers, dairy farmers and fishermen)," Modi said. "Main jaanta hoon ki vyaktigat roop se mujhe bahut badi keemat chukaanee padegi. Lekin main iske liye taiyaar hoon. (I know that I will personally have to pay a heavy price. But I am ready for it)," Modi said. The current oil market conditions and diminishing discounts on Russia's primary Urals crude theoretically provide Modi an opportunity to gradually reduce dependency on Russian oil imports, which have significantly increased since 2022. However, the practical implementation faces challenges as the opposition and party colleagues criticise US approaches, fostering nationalist sentiment. Also Read | Donald Trump's 50% tariffs on India: What does it mean for the stock market & what should investors do? Explained India saw savings of £3.8 billion on oil purchases until March, despite reduced discounts on Russian crude, ICRA ratings agency reported. The country's exports to the US reached approximately £87 billion in 2024. "It's very, very unlikely that Indian oil imports from Russia will go to zero," said Vandana Hari, founder of consultancy Vanda Insights, according to the Bloomberg report. "Everyone understands Trump's aim is to try and pressure Putin, but to do it with a gun on India's shoulder is not going down well with New Delhi,' Vandana Hari added. Trump piles on pressure Trump has insisted that India stop purchasing discounted Russian oil, which he claims is "fueling the war machine" in the Ukraine conflict. His demand stems from his dual objectives of reducing the US trade deficit with India and making progress in discussions with Russian President Putin to end the Ukrainian crisis. The 25% base line tariff rate on India is effective today, but the secondary tariff of 25% announced for India's crude oil trade with Russia will come into effect from August 27. Experts believe that the 21 day period leaves room for negotiations between India and the US. The report said that Indian refining executives anticipate increased procurement from the US during ongoing negotiations. According to individuals familiar with procurement strategies, state-owned processors, who typically acquire Russian crude through spot transactions, are currently maintaining distance from such purchases. Who bought Russia's fossil fuels after EU bans In the past week, refiners including Indian Oil Corp., Bharat Petroleum Corp. and Hindustan Petroleum Corp. have actively participated in the spot market, sourcing various grades from alternative suppliers. These include the US, Nigeria and the United Arab Emirates, with focus on securing immediate delivery cargoes, the Bloomberg report said. For the long-term, Asian market participants anticipate Indian refineries will seek agreements with Middle Eastern oil producers, particularly Saudi Arabia and Iraq. However, without comprehensive sanctions on Russian oil, industry experts have not indicated any significant or systematic alterations to existing arrangements. India's crude oil import patterns historically showed limited Russian imports, with primary reliance on Middle Eastern sources. This scenario transformed in 2022 following the Russia-Ukraine war and the G7 nations' implementation of a $60-per-barrel price ceiling, designed to restrict Russian oil revenues whilst maintaining global supply flow. Also Read | 'Extremely unfortunate': India reacts strongly to Donald Trump's 25% additional tariff for buying Russian oil; 'will take all actions necessary…' Whilst India avoids sanctioned oil from Iran or Venezuela, its crude oil purchase from Russia did not come under the sanction radar, leading to increased purchases, often reducing intake from traditional suppliers including Saudi Arabia, Iraq and Nigeria. Russian oil imports, previously insignificant in India's 2021 portfolio, now constitute approximately 37%, according to Kpler's analysis. This positions India alongside China as main purchasers of Russian crude. US previously supported India's oil trade with Russia Government officials believe that the transition prevented supply shortages and reduced elevated prices — a stance previously agreed by the US. During their India visit last year, Treasury officials portrayed the price cap as "a mechanism for India and other partners to access Russian oil at discounted prices." They emphasised ensuring supply availability and indicated no intentions to restrict Indian purchases, the report said. The unexpected shift in Trump's stance — without implementing additional sanctions — has puzzled the government. Officials caution that eliminating Russia from the supply chain could result in global oil prices more than doubling from current levels, reminiscent of the significant price movements in 2022. The current timing benefits India, potentially enabling a reduction in Russian imports. With oil trading below $70 and abundant supply, thanks to the Organization of the Petroleum Exporting Countries increasing market availability, there are options to expand further. This presents alternatives for India, a significant contributor to future demand growth, albeit necessitating the renewal of certain trading relationships. Also Read | Donald Trump hits India with highest 50% tariff for Russia crude oil buys - how will it impact Indian economy? Explained "If you look at the size of India's trade with the US, and look at how much savings India gets from buying Russia crude, it's pretty clear what India would do," said Warren Patterson, head of commodities strategy at ING Groep NV in Singapore. "Are you going to risk up to $87 billion worth of exports to the US in order to save a few billion from oil discounts?" Discounts on Russia crude have reduced The price advantage of Russian oil has diminished considerably. Indian importers paid $4.50 per barrel less for Russian crude compared to Saudi purchases in May. This is a significant reduction from 2023, when the difference was over $23 per barrel, despite India's cost-sensitive market. "The economic cost of shifting suppliers away from Russia is not actually that big," said Shilan Shah of Capital Economics. "It feels like a political decision rather than an economic one. India doesn't want to be seen caving to Trump's demands. India and Russia have pretty longstanding trade relations, which I think India would be keen to maintain,' Shah was quoted as saying by Bloomberg. China in focus for Russia crude oil With the potential implementation of full tariffs, Russian producers face significant challenges in finding alternative buyers for India's daily purchases of approximately 1.8 million barrels. Although China accepts sanctioned oil, it prioritises diverse supply sources to ensure energy security. China remains hesitant to become overly reliant on Russian crude, regardless of pricing. Nevertheless, China's absorption of crude could help stabilise global oil markets as India reduces its purchases, given the absence of other substantial buyers. China and India dominate Russian oil imports "China will be very, very careful about soaking up all the Russian crude that's being diverted from India," Vanda Insight's Hari said. "The oil will likely be offered at deeper discounts. But, if China absorbs a substantial amount, guess where Trump's eye will turn next?" Trump has been asked why he has chosen to single out India for his additional penalties, given that China is the largest buyer of Russian crude. "It may happen. I don't know, I can't tell you yet. But we did it with India. We are doing it probably with a couple of others, one of them could be China,' he said. Stay informed with the latest business news, updates on bank holidays and public holidays .
Time of India
7 days ago
- Business
- Time of India
Trump tariffs: India under fire from US over Russian oil imports; China buys more but escapes criticism, says GTRI
AI-generated image As the tension between US and India escalate with regards to trade talks, a recent Global Trade Research Initiative (GTRI) report called out Donald Trump claiming the US President has been selectively criticising India regarding Russian oil imports while remaining silent about China's involvement. The report, cited by ANI, presented data showing China as the primary purchaser of Russian oil, with imports valued at $62.6 billion in 2024, exceeding India's USD 52.7 billion. Yet, Trump's criticism remains focused on India, overlooking China's more substantial involvement. "Trump appears unwilling to criticize China, perhaps because of geopolitical calculations, and instead targets India unfairly," GTRI said. The report contests Trump's recent Truth Social post claiming that India is "buying massive amounts of Russian oil and selling it on the open market for big profits", identifying this statement as inaccurate. The organisation clarifies that India does not export crude oil of any origin. As a net crude oil importer, India exports only refined petroleum products, including diesel and jet fuel, some derived from Russian crude, which is standard practice for energy-importing nations. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Prince William & Kate Met Princess Diana's Secret Daughter. Plays Star Undo GTRI further emphasised that Indian oil refineries maintain operational autonomy in sourcing crude oil. These entities operate without requiring governmental approval for oil purchases from Russia or other nations, basing decisions on business factors including pricing, reliable supply, and export destination regulations. The report indicates that Indian refiners might independently reduce or cease Russian imports if faced with secondary sanctions or limited market access. This shift is evident in the statistics, according to ANI citing the GTRI report, with India's Russian imports decreasing by 9.8 per cent to $9.2 billion in May 2025 compared to May 2024. The GTRI report determines that India faces unjust scrutiny while China's larger involvement remains unaddressed, potentially due to wider geopolitical considerations. MEA calls out US, EU over oil trade with Russia; pans double standards The GTRI report is aligned with MEA's response on Monday over India being targeted. India pushed back against Trump's threat to significantly increase tariffs on Indian goods, attributed to the country's ongoing oil imports from Russia, describing the move as 'unjustified and unreasonable.' In a sharply worded statement, the Ministry of External Affairs (MEA) defended India's energy strategy, stating that its purchases of crude oil from Russia are 'a necessity compelled by global market conditions' and not a political endorsement of Moscow. 'India will take all necessary measures to safeguard its national interests and economic security,' the MEA said, while highlighting that the US and European Union have themselves continued trade with Russia, including in energy and critical commodities, despite publicly opposing the Ukraine conflict. Read more: India calls out US, EU over oil trade with Russia; pans double standards Stay informed with the latest business news, updates on bank holidays and public holidays . Discover stories of India's leading eco-innovators at Ecopreneur Honours 2025
Time of India
24-06-2025
- Lifestyle
- Time of India
Leo Daily Health Horoscope Today, June 24, 2025: Chaos is just passing weather
Leo, daily horoscopes await your discovery according to how mighty planets act on your health and vitality. Get helpful insights to coordinate your day with clarity and confidence. Maintain your balance and bask in the good cosmic vibes. Today, you may feel surrounded by confusion or unexpected changes. Remember, chaos is temporary, like passing weather. Stay grounded by focusing on what you can control and keeping your calm. Your strength lies in patience and steady steps. Avoid reacting impulsively to sudden challenges. Trust that this phase will soon clear. Your inner stability will help you shine even brighter after the storm passes. Leo Health Horoscope Today Your health might feel a bit unsettled today due to stress or emotional ups and downs. It's important to stay calm and avoid overthinking. Take deep breaths and rest when you can. Minor headaches or digestion issues may appear if you push too hard. Drinking warm fluids and light meals will support your body. Gentle yoga or meditation can help soothe your nerves and balance your energy. Leo Wellness Horoscope Today Wellness today depends on staying connected to your inner peace. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like I Saw Two Bikers Mocking A Fat Truck Driver, But They Regretted It When They Discovered Who He Really Was Plays Star Undo Even if external situations feel hectic, find small moments of calm—whether through quiet reflection, music, or nature. Avoid overloading yourself with tasks or worries. Prioritize rest and nourish your spirit with positive thoughts. Grounding exercises or mindful breathing will keep your wellness steady and your mood balanced throughout the day. Leo Love Horoscope Today Love calls for patience and understanding today. You or your partner might feel restless or emotional. Instead of reacting, listen with an open heart. Staying calm and grounded will help you attract sincere and lasting love energy in your life. Leo Career Horoscope Today Career may seem a little unpredictable today, but don't lose focus. Challenges are temporary, and your steady effort will pay off. Avoid jumping to conclusions or rushing decisions. Use this time to plan carefully and strengthen your foundation. Your leadership qualities will shine through patience and clear thinking. Trust your instincts, and soon you will see progress in your professional path. Leo Money Horoscope Today Money looks stable with chances for positive gains if you stay calm and plan carefully. Avoid hasty financial moves, but don't hold back from exploring new possibilities. This is a good day to invest in something meaningful or expand your income sources. Trust your judgment and be optimistic about growth. Your grounded approach will attract financial stability and unexpected good fortune. Leo Affirmation Today: I stay calm and grounded through every change. Discover everything about astrology at the Times of India , including daily horoscopes for Aries , Taurus , Gemini , Cancer , Leo , Virgo , Libra , Scorpio , Sagittarius , Capricorn , Aquarius , and Pisces .
Time of India
14-06-2025
- Politics
- Time of India
Trump has 'trumpeted' India-Pak ceasefire claims 13 times, when will PM speak up: Congress
The Congress on Saturday cited that on 13 occasions, US President Donald Trump has publicly "trumpeted" that he brought about a "ceasefire" between India and Pakistan, and asked when will Prime Minister Narendra Modi speak up on these claims. "Today President Trump turns 79. In the 34 days between May 10, 2025, and June 13, 2025, he trumpeted publicly on 13 different occasions in 3 different countries that he had brought about a ceasefire between India and Pakistan using trade with America as a carrot and stick," Congress general secretary in-charge communications, Jairam Ramesh, said on X. "He (Trump), of course, showered praise on both countries in equal measure," Ramesh said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Farmer Finds Diamond Ring. When He Shows It To His Wife, She Says, 'I Want A Divorce'. Plays Star Undo "@narendramodi when will you speak up," the Congress leader asked in the post. Ramesh also shared on X a list and details of the occasions when Trump made the claims with the quotes of the US president and links to media reports. Live Events With Trump repeating his claim that he "stopped a war between India and Pakistan", Ramesh on Friday said the US president continues to make his claims for the "nth time" but Prime Minister Modi continues to be silent on them. Ramesh also shared a video clip of Trump's remarks on X, in which he repeated his claim that he "stopped a war between India and Pakistan" and stopped it "with trade". Ramesh said that as India is engulfed in grief over the Ahmedabad aircraft tragedy , President Trump continues to make his claims on India and Pakistan for the "nth time". "This was at the Kennedy Centre in Washington DC yesterday. And the Prime Minister continues to be silent on these claims," the Congress leader said on X. Tensions between India and Pakistan escalated after the April 22 Pahalgam terror attack, with India carrying out precision strikes on terror infrastructure in Pakistan and Pakistan-occupied Kashmir in the early hours of May 7. Pakistan attempted to attack Indian military bases on May 8, 9, and 10. The Indian side responded strongly to the Pakistani actions. The on-ground hostilities ended with an understanding of halting military actions following talks between the director generals of military operations (DGMOs) of both sides on May 10. Trump has been repeatedly claiming that the US stopped India and Pakistan from fighting. However, India has been consistently maintaining that the understanding on cessation of hostilities with Pakistan was reached following direct talks between the DGMOs of the two militaries. Earlier this week, the Congress claimed India has suffered three "huge diplomatic setbacks" from the US, which is constantly hyphenating India and Pakistan and that the Modi government's foreign policy has "failed" as it is driven by domestic political considerations. Ramesh said the US' recent statements were both a "challenge and a warning" and required serious thinking "when the prime minister is only interested in playing divisive politics". He also said Modi should leave aside his "stubbornness" to call an all-party meeting and a special session of Parliament. Ramesh said US Army General Michael Kurilla calling Pakistan a "phenomenal partner" in the counterterrorism world, Pakistan's Chief of Army Staff General Asim Munir's reported visit to Washington for the US Army Day celebrations later this week, and the recent remarks by a Trump administration spokesperson were "three huge setbacks" to India.
